Corporate Interest Restriction (CIR): 30 June Deadlines | KPMG | UK

Corporate Interest Restriction (CIR): 30 June Deadlines

Corporate Interest Restriction (CIR): 30 June Deadlines

30 June 2018 is the deadline for some groups to appoint a CIR ‘reporting company’ or file their first CIR return.

1000

Also on KPMG.com

30 June 2018 is the deadline for groups with a 31 December 2017 year end to appoint a reporting company for corporate interest restriction (CIR) purposes. It is also the deadline for groups with 30 June 2017 (and earlier) year ends to file their first CIR return. Since the rules are new, we recommend that sufficient time is allowed to collect information and properly consider the approach to be taken.

30 June 2018 deadline for 31 December year end groups to appoint a CIR reporting company

  • 30 June 2018 is the deadline for groups with a CIR period of account ending on 31 December 2017 to appoint a CIR reporting company for that period;
  • For groups with an earlier – or later - year end, the equivalent deadline will be 6 months after the end of the first period of account, or 31 March 2018 if later; and
  • Please see our previous article for a discussion of the pros and cons of appointing a CIR reporting company.

30 June 2018 deadline for 30 June (and earlier) year end Groups to file their first CIR return

  • 30 June 2018 is the deadline for groups with a CIR period of account ending on or before 30 June 2017 (that have appointed a reporting company) to file their first CIR interest restriction return for that period;
  • For groups with a later year end, the equivalent deadline will be 12 months after the end of the first period of account; and
  • Please see our CIR Diary Page for previous posts regarding submitting CIR returns and handling the wider CIR compliance process.

For further information please contact:

Rob Norris

Richard Rudman

Connect with us

 

Request for proposal

 

Submit